“We remain bullish on 2022 [steel demand in Brazil],” Werneck said. “For flat steel, the outlook is positive.”

Erdemir Group produced 6.815 million tonnes of crude steel over the first nine months of 2021, equivalent to 23% of the national total.

Global crude steel production falls for fourth consecutive month

Fortescue posts solid start to FY22

...an 8.9% decrease compared to September 2020.

...down 8.45 and 21.2 percent from a month and a year earlier, respectively.

The trading scope and participants in China's national carbon emission trading system may further increase as market ramps up to help attain the country's green targets, industry experts said.

It is expected that by 2025, systematic and tiered low carbon standards will be established for sectors, enterprises and products.